Can We Still Close?
Mortgage Mischief
Title 101
100

Minnesota is this type of state, meaning both spouses must sign to convey real property, even if only one is in title. “It takes one to buy but two to sell or refi.”

What is marital interest state

100

A previous owner’s mortgage was paid off but the lien release was never recorded at the county.

What is an unreleased mortgage

100

How many office locations does GNT have?

What is 7; Roseville, Minnetonka, Edina, Maple Grove, Mendota Heights, Rochester, Blaine

500

When multiple people own property and one passes away, this vesting determines whether their share automatically transfers to the surviving owner.

What is Joint Tenancy ( right of survivorship)

500

A document used to release a mortgage from public records, that has been paid in full. 

What is a Satisfaction of Mortgage

500

Can Great North Title sign a seller who is on vacation in Italy and if so, how?

What is yes, a RON closing

1000

This is the only insurance policy you purchase once, protecting you for as long as you own the home.

What is Owner’s Title Insurance

1000

Which party is responsible for an assessment that is not due and payable in the current year, according to the new PA?

What is the buyer

1000

This document transfers ownership of real property from one party to another.

What is a deed